Home World The EU’s recovery plan was vetoed by the two member states, and multi-national leaders will negotiate again
The EU's recovery plan was vetoed by the two member states, and multi-national leaders will negotiate again

The EU’s recovery plan was vetoed by the two member states, and multi-national leaders will negotiate again

by YCPress

November 19 According to the European Network, citing a report from the Associated Press, Hungary and Poland vetoed the EU’s draft budget from 2021 to 2027 at the recent meeting of ambassadors to the European Union. The “Recovery Fund” plan for the epidemic.

On October 18, local time, Budapest, Hungary, the Michelin-starred restaurant Costes moved into the Budapest Ferris Wheel. Customers enjoy food in a separate “private room”, which can reduce the spread of coronavirus pandemic in this way, but also You can enjoy the city scenery while dining.

In response to the crisis caused by coronavirus, in July 2020, the leaders of EU member states finally reached a new budget agreement through difficult negotiations, intending to use 750 billion euros to save the economy. This huge amount of funds will be included in a total of 18,000. The EU’s 2021-2027 budget of 100 million euros.

According to reports, on the afternoon of November 16, local time, the ambassadors of the 27 EU member states to the EU held a meeting. The meeting was voting on the EU’s future long-term budget draft and the proposal to authorize the EU to increase its borrowing limit in order to provide financial protection for the economic recovery plan. Among them, the two proposals failed to obtain the unanimous agreement of all member states. The ambassadors of Hungary and Poland exercised their veto power.

A senior EU official pointed out that there is still a long way to go in the future for the EU recovery plan to become a reality, or more potential obstacles will appear. The seven-year budget requires not only the unanimous consent of member states, but also the support of the European Parliament and the Council to truly form the legal text of the budget.

According to reports, the European affairs ministers of the 27 EU member states held a meeting on the 17th to discuss solutions and decide that the EU will hold another summit on the 19th to discuss how to jointly respond to the deteriorating coronavirus pandemic in the European continent, and hold it on the 20th. The EU member states leaders video summit focused on the EU budget proposal for the 2021-2027 fiscal year.